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Reid health care bill hits Obama’s cost target

A Senate health care reform plan to be unveiled yesterday meetsPresident Barack Obama’s goals on costs and deficit reduction, budgetanalysts said, a finding that could boost its chances in a sharplydivided Senate.<p></p>

A Senate health care reform plan to be unveiled yesterday meets President Barack Obama’s goals on costs and deficit reduction, budget analysts said, a finding that could boost its chances in a sharply divided Senate.

After weeks of closed-door talks to merge two Senate bills, Democratic leader Harry Reid will release legislation the non-partisan Congressional Budget Office said would cost $849 billion over 10 years — well within Obama’s $900 billion goal.

A Senate aide said the CBO also estimated the Senate plan will reduce the deficit by $127 billion over 10 years, while cutting the number of uninsured by 31 million.